Analysis of Rural Residents' Consumption Demand Changes in Zhejiang Based on the Extended Linear Expenditure System
Xiang Li-chi
Abstract
Xiang Li-chi
Abstract
This article attempts to analyze the Extended Linear Expenditure System,(ELES)which is an advanced economic calculating method.With the ELES model and the data of incoming and consumption within the year of 2002~2006 for the rural resedents in Zhejiang,the authors analyze the consumption structure,consumption inclination and demand elasticity.In addition,some related suggestions are also made in the article.
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This article attempts to analyze the Extended Linear Expenditure System,(ELES)which is an advanced economic calculating method.With the ELES model and the data of incoming and consumption within the year of 2002~2006 for the rural resedents in Zhejiang,the authors analyze the consumption structure,consumption inclination and demand elasticity.In addition,some related suggestions are also made in the article.
Key concepts: Consumption (sociology), Econometrics, Economics, Final demand, Linear relationship, Elasticity (physics), Consumer expenditure, Agricultural economics